- Joined
- Sep 2, 2007
- Messages
- 20
Hello my fellow REIN members hope everyone had a wonderful long weekend. I am a fairly new member looking for some wisdom, guidance or advice and maybe even all of the above if possible with my current situation.
I just moved to fort Mc murry from Ontario less than a year ago and I am having some trouble moving forward to my personal Belize.
I purchased a couple of properties before I joined Rein that were high ratio non conventional mortgages in Ontario and now in Alberta I picked up my first property with peter Kinches office.
The situation I`m having right now is that I am finding some great deals in fort Mc murray however when I try to qualify for the mortgages I keep getting denied due to the properties I have in Ontario which have little or no equity in them.
I`ve had appraisals done to all of them and they have come back unfavorably and I`ve also tried joint venturing for the down payment for the properties I`m trying to purchase with no success.
Some one suggested I incorporate but I`m not sure if that`s the right direction I should be going in.
Even though my credit is excellent and I have a good job in fort mac making decent money I`m just not getting the results I want.
I am at fork in the road and uncertain what my options are other than the ones I have already tried. If you have any suggestions to help me or steer me in a different direction that would be absolutely great. I look forward to any advice possible.
Ian.
Ps. If any senior Rein members are interested in coaching a new member that would be awesome as well. Thanks.
I just moved to fort Mc murry from Ontario less than a year ago and I am having some trouble moving forward to my personal Belize.
I purchased a couple of properties before I joined Rein that were high ratio non conventional mortgages in Ontario and now in Alberta I picked up my first property with peter Kinches office.
The situation I`m having right now is that I am finding some great deals in fort Mc murray however when I try to qualify for the mortgages I keep getting denied due to the properties I have in Ontario which have little or no equity in them.
I`ve had appraisals done to all of them and they have come back unfavorably and I`ve also tried joint venturing for the down payment for the properties I`m trying to purchase with no success.
Some one suggested I incorporate but I`m not sure if that`s the right direction I should be going in.
Even though my credit is excellent and I have a good job in fort mac making decent money I`m just not getting the results I want.
I am at fork in the road and uncertain what my options are other than the ones I have already tried. If you have any suggestions to help me or steer me in a different direction that would be absolutely great. I look forward to any advice possible.
Ian.
Ps. If any senior Rein members are interested in coaching a new member that would be awesome as well. Thanks.